Green Power Panay Philippines Inc., is a Philippine Company developing a 35 MW biomass power plant in Mina, Iloilo, Panay, Philippines. The multi-fueled biomass power plant will deliver BIOMASS grid connected, decentralized, renewable energy power utilizing sustainable biomass resources such as agricultural crop and food processing wastes. Green Power Panay does not use biomass that competes with the human food chain and is strategically positioned to efficiently construct and operate the biomass fuelled renewable energy power plant that embraces the global paradigm shift towards the development and use of clean, cost effective, renewable energy in the form of electricity: Clean energy generation that delivers extraordinary Socio-economic development, helps to mitigate climate change and avert the looming energy crisis that faces the Philippines and especially the Iisland of Panay today.
Green Power Panay Philippine Inc., and it's affiliate biomass company owns eleven hectares of land in Barangay Cabalabaguan, in the town of Mina, Iloilo dedicated to the GPPPI power plant and biomass storage area. The site benefits from access to the both the main highway and is within 500 m from the 69 kV sub-transmission line of ILECO II, a main customer and 25-year Power Purchase Agreement (PPA) counterpart to GPPPI generated renewable energy.
The GPPPI electrical nominal output of 30 MW qualifies to be sold under the Philippines’ Renewable Energy Act of 2008 R.A. 9513 (RE Act) Feed-in Tariff (FiT) guaranteed 20-year rates. This rate is currently assumed to be PhP 7 p/kWh ($USD 14.9 cents p/kWh) as recommended to the Energy Regulatory Commission (ERC) by the National Renewable Energy Board or ‘NREB’ for biomass. In addition, the DOE’s award to GPPPI of a Biomass Renewable Energy Operating Contract (BREOC), and Renewable Energy Certificate (REC) on the 19th Feb 2010 enables GPPPI to sell its power under the “Green Option” or “Open Access” directly to commercial end-users whilst still availing of other 2008 Renewable Energy Act's fiscal and non-fiscal incentives. GPPPI also has the ability to sell power through the Wholesale Electricity Spot Market (WESM). Retail sales price for electricity in Iloilo City, 40 kilometers away from the Mina site is currently in excess of PhP 13 p/kWh ($USD 29 cents p/kWh).
Green Power Panay Philippines Inc., is a subsidiary of Filipino Company Global Green Power PLC Corporation ("GGPC") that has targeted the Philippines for the construction and operation of biomass power plant projects of between 17.5 to 35 megawatts of electricity (MWe). The Philippines has one of the highest electricity prices within South East Asia. The opening up of the Philippines electricity market via the Wholesale Electricity Spot Market (“WESM”), the promulgation of the Renewable Energy Act of 2008 (R.A. 9153") and the abundance of readily available biomass as a fuel source makes the Philippines one of the most attractive markets for renewable biomass power generation, globally.